PNC Infratech achieves financial closure for Karnataka project

PNC Infratech today announced that financial closure has been achieved for a highway project in Karnataka.
The company has received a letter from NHAI regarding the achievement of financial closure for the project of 'Six- Laning of Chitradurga-Davanagere including Chitradurga bypass of NH-48' in Karnataka to be executed on Hybrid Annuity Mode under NHDP Phase-V, it informed BSE.
The project is being implemented by PNC Chitradurga Highways, a special purpose vehicle incorporated by the company.
With this, the company has achieved financial closures for all the four hybrid annuity highway projects before the scheduled time, awarded to the company till date for which the concession agreements have been executed.
Shares of the company closed at Rs 183.35 per scrip, down 1.21 per cent on BSE.

13-12-2017 18:09

Amway Queen Cookware crosses Rs 100-cr sales mark in Jan-Oct

Amway Queen Cookware, a brand of FMCG firm Amway, today said it has crossed Rs 100 crore sales mark during January- October of 2017, reported PTI.
Amway Queen, the premium cookware range from the country's leading direct selling FMCG company, has crossed sales of Rs 100 crore..., Amway said in a statement.
The company launched Amway Queen Cookware in January this year to cater to the growing demand from the health conscious consumers.
Amway India, its wholly-owned subsidiary, sells more than 130 daily use products across categories like nutrition, beauty, personal care and home care through Amway Direct Sellers (ADS) who make personal recommendations regarding the use of distinctive quality products.

13-12-2017 17:59

NSE arm NSCCL earns top corporate credit rating

National Securities Clearing Corporation Ltd (NSCCL), a subsidiary of NSE, has received the highest corporate credit rating 'CCR AAA/Stable' from Crisil, reported PTI.
This is the 10th consecutive year it received such ratings.
The rating indicates the highest degree of strength with regard to honouring debt obligations, National Stock Exchange (NSE) said in a statement.
Also, this reflects NSCCL's strong operational and financial linkages with its parent, the NSE and comprehensive risk management systems.
Crisil has reaffirmed the outlook for NSCCL as stable and said NSCCL will continue to have strong market position over the medium term due to its association with NSE.

13-12-2017 17:57

LG launches LG V30+ in India, priced at Rs 44,990

LG launched its flagship premium smartphone LG V30+ in India at Rs 44,990 as it aims to grow its handset business in the country, reported PTI.
We are pretty bullish on LG V30+ because of its superior features, including camera quality. LG V30+ would stand out in preference for people who matter. We expect to sell two times more units of LG V30+ compared to its predecessor LG V20, said Amit Gujral, Corporate Marketing (Head) LG Electronics India.
He, however, refused share financial details.
The device comes with F1.6 aperture camera lens, OLED FullVision display, Cine Video mode for producing movie quality videos, advanced Hi-Fi Quad DAC for immersive audio and voice recognition, Gujral added.
It features a 6-inch display, 4GB RAM, 128GB of internal storage, which is further expandable via a micro-SD card slot, 16MP rear and 5MP front camera and 3,300 mAh battery.
LG will offer one-time screen replacement, and a wireless charger and in-app content (game Beat Fever worth Rs 6,400) free with the device.

13-12-2017 17:52

Chola inks deal to finance construction equipment of JCB India

Cholamandalam, a Murugappa Group firm, said that it will finance earthmoving and construction equipment for JCB India's customers, reported PTI.
Announcing the tie-up between the two companies, Cholamandalam Investment and Finance Company (Chola) said that as part of the agreement, it will finance JCB's entire range of construction equipment and machinery.
It will also customise the products and offerings to suit the needs of JCB customers, Chola said in a statement.
India is today witnessing massive development wherein the infrastructure sector is a key driver for the Indian economy...this alliance is also in line with our continuous endeavour in enabling our customers to enter a better life, said N Srinivasan, Executive Vice Chairman and Managing Director, Chola.
Managing Director and CEO of JCB India, Vipin Sondhi said: JCB India is a full range infrastructure equipment partner and together we will explore opportunities of growth in the construction equipment sector in the country.
A fully owned subsidiary of UK-based JC Bamford Excavators, JCB India has five state-of-the-art factories in the county and manufactures over 50 products in 8 product categories.
Chola with assets under management of Rs 35,000 crore and 725 branches across India offers financial services such as vehicle finance, home loans, home equity loans, SME loans and investment advisory.

13-12-2017 17:50

Future Retail board approves Hypercity Retail deal

The board of Future Retail approved the scheme of arrangement with Shoppers Stop with regard to its Rs 655-crore acquisition of Hypercity Retail in a stock-and-cash deal, reported PTI.
In the meeting, the board of Future Retail Ltd (FRL) inter alia considered and approved the scheme of arrangement between Hypercity Retail and Future Retail Ltd, according to a BSE filing.
Shoppers Stop owns 51.09 per cent stake in Hypercity Retail India Ltd (HRIL) and rest is owned by the promoter group and others.
The loss-making Hypercity had a turnover of Rs 1,191 crore in 2016-17.
On October 5, the board of both the companies decided on the transaction and according to the term sheet, Future Retail Ltd (FRL) will allot 93.1 lakh shares with a face value of Rs 2 each to Hypercity promoters, aggregating to Rs 500 crore, on a preferential basis.
On completion of the transaction, Hypercity will become a wholly-owned subsidiary of Future Retail.
Under the deal, the promoters of Hypercity -- Shoppers Stop, RC Raheja and his family, CL Raheja and family, Jyoti C Raheja along with Chandru L Raheja and NC Raheja and family and B S Nagesh and family -- will exit the company.

07-Dec-2017 12:41 AM

Future Retail L - Outcome of Board Meeting

Future Retail Limited has informed the Exchange regarding Outcome of Board Meeting held on December 06, 2017.

06-Dec-2017 03:11 PM

Future Retail L - Outcome of Board Meeting

Outcome of proceeding of the Board Meeting held on 06th December, 2017

06-Dec-2017 03:03 PM

Future Retail L - Allotment of Securities

Future Retail Limited has informed the Exchange regarding allotment of 9310987 securities pursuant to Preferential Issue at its meeting held on December 01, 2017

01-Dec-2017 04:33 PM

Future Retail L - Allotment

Outcome of Meeting of Committee of Directors - Allotment of 93,10,987 Equity Shares

01-Dec-2017 04:26 PM

Future Retail L - Outcome of Board Meeting

Outcome of proceeding of the Board Meeting held on 06th December, 2017

06-Dec-2017 03:03 PM

Future Retail L - Allotment

Outcome of Meeting of Committee of Directors - Allotment of 93,10,987 Equity Shares

01-Dec-2017 04:26 PM

Future Retail L - Fixation Of Record Date For The Purpose Of Issue Of Equity Shares With Respect Composite Scheme Of Arrangem

Fixation of Record date for the purpose of issue of equity shares with respect Composite Scheme of Arrangement between Future Retail Limited and Bluerock eServices Private Limited and Praxis Home Retail Limited and their respective Shareholders ('the Scheme').

Corporate Details

About Management

The certificate of incorporation bears the corporate identity number as U51909MH2007PLC268269.

1987

The company is incorporated under the name of Manz Wear Private Ltd.

Pantaloons, one of India's first formal trouser brands, is launched.

1991

Company's name changed to Pantaloon Fashions (India) Limited

BARE, an Indian denim brand is launched.

1992

Initial Public Offer (IPO) of shares by the Company

1994

The Pantaloon Shoppe, our exclusive menswear store in a franchisee format is launched across the nation. The company starts distribution of branded garments through multi-brand retail outlets across the nation.

1997

Pantaloon Retail enters modern retail with the launch of the first 8000-sq. ft. store Pantaloons in Kolkata.

2001

Pantaloon Retail launches three Big Bazaar stores within a span of 22 days in Kolkata, Bangalore and Hyderabad.

2002

Food Bazaar, the supermarket chain is launched.

2003

Big Bazaar entered Tier II cities with the launch of its store in Nagpur

Home Town, the home building and improvement products retail chain, is launched along with consumer durables format Ezone and furniture chain Furniture Bazaar.

2007

Big Bazaar launched its 50th store in Kanpur

Big Bazaar partnered with Futurebazaar.com to launch India's most popular shopping portal

Big Bazaar initiated the Power of One campaign to help raise funds for the Save The Children India Fund

Pantaloon Retail wins the International Retailer of the Year award at US-based National Retail Federation convention in New York, and Emerging Retailer of the Year award at the World Retail Congress held in Barcelona.

2009

Big Bazaar initiated Maha Annasantarpane program at its stores in South India - a unique initiative to offer meals to visitors and support local social organizations

Big Bazaar captured almost one-third share in food and grocery products sold through modern retail in India

Pantaloon Retail celebrates its first Shopping Festival across all retail formats in key Indian cities.

2008

Big Bazaar dons a new look with a fresh new section, Fashion@Big Bazaar

Big Bazaar crosses the 100-store mark, marking one of the fastest expansions of the hypermarket format anywhere in the world.

2010

Future Value Retail Limited is formed as a specialized subsidiary to spearhead the group's value retail business through Big Bazaar, Food Bazaar and other formats

Pantaloons opened its 50th flagship store in New Delhi on 27th November 2010

Pantaloons embarked on its "next gen" journey with the launch of its new 'avatar' stores

Big Bazaar introduced Family Centre in Kolkata on 27th March 2010

Big Bazaar opened its first store in Jalandar and Amravati

Pantaloons forayed in Allahabad,Bhopal and Aurangabad

Future Group launched 'The Great Indian Shopping Festival'

Future Group announced the launch of mobile telephony services under the brand name T24 on the GSM platform

2011

Future Group entered elite gourmet retailing with the launch of its first gourmet food chain Foodhall in Mumbai on 26th May 2011

Future Innoversity introduced MBA in Supply chain Management

Pantaloons launched its revamped Green Card Loyalty Programme

Pantaloons forayed in Coimbatore, Durgapur and Vizag

Big Bazaar completed 10 glorious years and came up with a new brand identity and tagline Naye India ka bazaar

Big Bazaar celebrated its 10 years of existence

Big Bazaar opened its first store in Himachal Pradesh on 21st May 2011

2012

On 1st May 2012, the company introduced a new retail initiative - Public Holiday Sale

Foodhall the premium lifestyle food destination launched its second store in Bengaluru on 4th May 2012

Big Bazaar redefined the concept of customer service with the launch of the Rajajinagar Family Centre in Bengaluru with its unique Seva initiative on 24th February 2012

Future Sharp Skills Ltd. launched its first skill centre in Kolkata with a vision to train and provide sustainable livelihood to five lakh youth of West Bengal by 2022

Pantaloons became the first retailer to introduce a reality hunt as it set out on a countrywide search for their next Fresh Face

Pantaloons launched its first store in Ludhiana, Visakhapatnam, Bilaspur

Future Group started Aadhaar Franchise

Future Supply Chains Express Logistics business became the fastest profitable Express Business in India

Big Bazaar and Ezone were voted as one of the Top 50 Most Trusted Brands in the country in the Brand Equity Survey 2013 conducted by Nielson. The survey also revealed that Big Bazaar is the 4th Most Trusted Service Brand of the country